OPEX GROUP APPOINTS NEW SENIOR VICE PRESIDENT

We are delighted to welcome Roy Buchan to OPEX Group as Senior Vice-President. In this new role Roy will help to shape the future direction and growth of the company, ensuring our services meet the needs of our customers.

Roy, who also joins our Board of Directors, has over 30 years’ experience in the oil and gas industry. His career spans executive leadership roles with a number of operating companies, including Ithaca, Talisman and Shell, as well as a wealth of international experience in operations and asset management.

Roy Buchan, Senior Vice President, OPEX Group

Jamie Bennett, CEO, said: “Roy’s appointment injects significant operator experience into our team and we are thrilled to welcome him onboard. His extensive experience in both leadership and operational roles affords us invaluable insights into the key challenges facing operators in the oil and gas industry today.

“Applying Roy’s understanding and experience to our existing expertise in data science and predictive technologies will help us foster closer relationships with customers as we work with them to maximise the value of their operational data.”

Roy said: “With a passion to improve safety and increase oil and gas production performance, joining OPEX Group gives me a great opportunity to combine my experience with the latest technologies to help our customers achieve exceptional results."


THE IMPACT DIGITAL INNOVATION IS HAVING ON THE UK OFS SECTOR

Our COO, Chris Ayres, took part in today’s launch of EY’s annual Review of the UK Oilfield Services (OFS) sector.

At the event in Aberdeen, attended by more than 120 people, the key findings of the report were presented. As part of a panel alongside BP's Ariel Flores, Robert Gordon University's Paul De Leeuw and EY's Celine Delacroix, Chris discussed the positive impact that digital innovation is having on the sector.

FOCUSING ON GAS COMPRESSION

It’s been a great start to the year for OPEX as we welcome yet another new customer this month, a leading independent E&P company who operates a number of assets in the UKCS.

Ahead of going live with our X-PAS™ Smart Production service, over the next four weeks our data scientists will work with the operator’s existing operational data to build a number of predictive models to allow our team to accurately predict the future performance and behaviour of the gas compression system on one of their legacy assets.

This continues to build on our track record across multiple gas compression systems.

oil and gas data analytics

X-PAS™ APPLIED ACROSS MULTIPLE OFFSHORE PLATFORMS

An existing customer has extended the X-PAS™ Smart Production service to another of their North Sea assets. As part of the new agreement, our team of data scientists have built a series of bespoke predictive models to continuously monitor and analyse the gas compression and water injection systems on the installation.

Following this extension, OPEX are now delivering predictive analysis services to multiple systems across the customer’s entire UK North Sea operating portfolio.

Predictive Analytics for Oil and Gas

SUPPORTING MISSION CHRISTMAS

This year the team at OPEX chose to support the Cash for Kids Mission Christmas appeal which aims to ensure that every child receives a gift this Christmas.

From all areas of the business a large number of toys, games and books were donated. Chris from our data science team dropped off the gifts at the local collection point.

The appeal was a great success this year. More than 9,000 gifts will be distributed to children throughout our local area and a total of 369,000 gifts were collected throughout the UK.

We would like to wish all of our customers and industry stakeholders a very Merry Christmas and a happy and prosperous New Year.

Supporting+Mission+Christmas

NORWEGIAN MINISTRY OF PETROLEUM AND ENERGY VISITS OPEX

Members of Norway’s Ministry of Petroleum and Energy visited OPEX today (30th October 2018) to learn more about our X-PAS™ Predictive Analysis Service and the work we are doing with oil & gas operators in the UKCS and Gulf of Mexico

The delegation, led by the Head of the Norwegian Oil & Gas Department, was organised in conjunction with the Oil & Gas Authority.

During their visit, our team of data scientists demonstrated the X-PAS™ service in action and highlighted how the insights generated enable our customers to eliminate production loss, cut maintenance costs and improve safety.

Following their time at OPEX the delegation visited the Oil & Gas Technology Centre to discover more about the new technology projects that are kicking off in the region.

DIGITALLY ENABLING OPERATIONS - ASSET WIDE

As the X-PAS™ services continues to roll out to new customers, assets and systems we are pleased to announce that an existing customer has extended the use of the service to cover all critical production systems on another one of their legacy assets.

Under the new agreement, both X-PAS™ Smart Production and X-PAS™ Smart Maintenance services will be implemented asset-wide.

The roll out will involve close collaboration with the customer’s support teams and is directly focused on the reduction of production losses and maintenance costs.

X-PAS Smart Production and X-PAS Smart Maintenance

X-PAS™ SERVICE EXTENDED WITHIN OUTER MORAY FIRTH

The X-PAS™ service is set to launch this month on an existing customer's legacy asset in the Outer Moray Firth. This is the second field in the Moray Firth to adopt the service.

The initial focus for the customer, a global oil and gas operator, is to prevent system outages on the Power Generation system and maximise recovery.

OPEX will work as an extension of the customer's support team to extract new value from existing data sources to provide insights and recommendations on a continuous basis.

Find out more about the X-PAS™ service here.

The XPAS Service

SCOTTISH ENERGY MINISTER FOCUSES ON OIL & GAS DIGITAL TRANSFORMATION

We were delighted to welcome Paul Wheelhouse, Scottish Government Minister for Energy, Connectivity and the Islands, to OPEX during his recent visit to Aberdeen when our team had the opportunity to discuss how the Scottish Government can support the industry to unlock value through the adoption of data analytics and digital technologies. The Minister was joined by Scott Bradley, Head of Oil & Gas Policy at the Scottish Government and David Clarke.

Jamie Bennett, OPEX Group CEO commented: “We welcomed the opportunity to meet with the Scottish Government team to brief them on the impact that digital technologies and data analytics is having on the industry and the work we are doing with oil and gas operating companies to digitally enable their operations.

“The industry’s digital transformation presents significant value to the local and national economy and will lead to the creation of new jobs, particularly in the areas of data science and analysis.”

Minister for Energy, Connectivity and the Islands, Paul Wheelhouse, said: “I am delighted to have had the opportunity to visit the OPEX Group. They are a dynamic company that is very well placed to play an important role in helping data driven innovation and reducing unplanned maintenance costs for producers and minimising health and safety risks. I was very impressed with their energy, their ingenuity and their drive to succeed in establishing the standard for digitally enabled oil and gas operations.

“I was particularly impressed with how they have pioneered new ways to help the oil and gas industry extract more value from existing data with measurable, tangible results. If we are to deliver the benefits of digital transformation across the industry, we need companies like OPEX in Scotland.

“In my view, innovation remains crucial to the oil and gas sector for maximising economic recovery and sustainably reducing costs, for driving exports and sales within the supply chain, and ultimately securing the long-term sustainability of the Sector in Scotland and the UK.”